Business

Table of Contents Understanding Interchange Fees The Purpose Behind Interchange Fees Key Factors Influencing Interchange Fees Card Brand Transaction Method Merchant Category Code (MCC) Payment Processors Transaction Volume International Sales The Mechanics of Interchange Fees Frequently Asked Questions about Interchange Fees Conclusion Understanding Interchange Fees Interchange fees, often referred to as swipe fees, are charges […]

Table of Contents Understanding the Retreat Business Steps to Start Your Retreat Business Conduct Market Research Identify Your Niche Find Your Location Write Your Business Plan Develop Partnerships Navigate Legal Requirements Hire Staff Build a Website Develop a Marketing Plan Iterate and Improve Conclusion Understanding the Retreat Business A retreat business is a service-oriented venture […]

Table of Contents What are Interchange Fees? Why Do Interchange Fees Exist? Factors Affecting Interchange Fees Card Brand Transaction Method Merchant Category Code (MCC) Payment Processors Transaction Volume International Sales How Interchange Fees Work Conclusion What are Interchange Fees? Interchange fees, also known as swipe fees, are charges that merchants pay every time a customer […]

Table of Contents Disrupting Traditional Norms Thinking Like a Customer Securing Early Funding Learning Through Experience Building Connections Staying Motivated by Your Mission Disrupting Traditional Norms Entering an industry without preconceived notions can be a powerful advantage. Sarah Vachon, co-founder of Citizens of Soil, discovered this firsthand. While vacationing in Crete, she tasted exquisite olive […]

Introduction to Piecework Puzzles Piecework Puzzles was founded by Rachel Hochhauser and Jena Wolfe as a creative side project. Inspired by a rainy weekend spent assembling jigsaw puzzles, the duo envisioned a line of design-forward puzzles that would appeal to modern aesthetics. Their vision was clear: create puzzles that are not only fun to assemble […]

Embrace Disruption: Challenging Industry Norms Starting in an industry without preconceived notions allows entrepreneurs to challenge the status quo. Sarah Vachon’s venture into the olive oil business with Citizens of Soil exemplifies this. By paying producers above commodity prices and maintaining a transparent supply chain, she disrupted traditional practices. This fresh perspective allowed her to […]

Balance Sheet Terms The balance sheet provides a snapshot of your company’s financial position at a specific point in time. It’s based on the equation: Assets = Liabilities + Owner’s Equity This statement helps you understand what your business owns, owes, and the amount invested by the owners. Here are the essential terms associated with […]

Table of Contents Test Drive Trade Shows Before Committing Do Your Homework Put Thought Into Your Booth Be Strategic About Your Location Have Your Elevator Pitch Ready Seek Out Sponsorships Be Patient Test Drive Trade Shows Before Committing The first step in maximizing trade show success is to explore the landscape before diving in. Trade […]

Table of Contents Understanding Inventory Metrics Sales and Velocity Metrics Inventory Turnover Ratio Sell-Through Rate Days on Hand Lost Sales Ratio Cost and Efficiency Metrics Inventory Carrying Costs Average Inventory Value Cost of Goods Sold Unit Labor Cost Accuracy and Quality Metrics Inventory Accuracy Inventory Shrinkage Order Picking Accuracy Strategic and Performance Metrics Inventory-to-Sales Ratio […]

Mastering Net Present Value: A Guide to Evaluating Investments Table of Contents What is Net Present Value? What Net Present Value Can Tell You Limitations of Net Present Value How to Calculate NPV Frequently Asked Questions About NPV What is Net Present Value? Net present value (NPV) is a financial metric that represents the difference […]